Dear Fellow Investor,
I wasn't going to release this research yet.
I wanted to wait until after a certain company's IPO to make sure each detail was lined up.
But I realized something that changed my mind...
Every week I wait could cost investors a fortune.
You see, two publicly traded companies are already building what I call the "Trillion Dollar Triangle" ...
A convergence of technologies that could make today's AI data centers obsolete.
But the third company — the one about to go public — is the fuse.
And it’s not SpaceX.
The moment it IPOs, the media will swarm. Analysts will connect the dots. And the chance to position yourself for early investor profits disappears.
I've seen this exact pattern play out before.
I predicted Netflix in '94, the iPhone in '91, and Amazon in '96. Investors who got in early saw gains of 112,700%... 249,900%... and 216,100%.
The biggest gains came to investors who moved before the crowd showed up.
This IPO is that moment.
>> See all three companies before the fuse is lit <<
To the future,
George Gilder
Editor, Gilder’s Technology Report
Saturday's Featured Story
3 Satellite Stocks To Check Out Before SpaceX's IPO
Written by Nathan Reiff. First Published: 3/31/2026.
Key Points
- With a rumored $1.75 trillion valuation, the anticipated SpaceX IPO could be transformative for the entire space and satellite industry.
- Satellite companies like BlackSky and Viasat, which provide geospatial intelligence and broadband or wireless services, respectively, have seen backlogs soar.
- Redwire may present a value prospect for investors banking on an increase in satellite infrastructure demand.
- Special Report: Elon’s “Hidden” Company
Elon Musk's SpaceX IPO, anticipated sometime this year, could be the biggest of all time based on a rumored valuation of $1.75 trillion—and savvy investors might want to consider how other space stocks could be swept up in the momentum. Several companies in the burgeoning satellite industry may be primed for movement as the SpaceX event approaches, and some of them also have compelling standalone investment cases.
Three names to watch (none of them SpaceX) are BlackSky Technology Inc. (NYSE: BKSY), Viasat Inc. (NASDAQ: VSAT), and Redwire Corp. (NYSE: RDW). Not only could these companies gain extra investor attention ahead of the SpaceX IPO, but some may also play roles in near-term geopolitical developments involving Iran or other regions.
BlackSky's Technological Advantage Needs Continued Support From Growing Fundamentals
Porter Stansberry, founder of one of the world's largest financial research firms, says he's breaking the biggest story of his 26-year career. A famous historian whose books have sold over 45 million copies in 65 languages is warning of a structural shift so large it has only one historical parallel - 1776.
One Stanford economist calls it 'the biggest change ever - bigger than electricity, bigger than the steam engine.' Stansberry outlines the stocks to buy, the stocks to sell, and three money moves to position yourself on the right side of this shift.
Read Porter Stansberry's full breakdown and protect your wealth now
BlackSky operates a constellation of satellites used for geospatial intelligence and related services. Although the company is pre-profit and has shown some inconsistency in revenue growth (in the last quarter, revenue of $35.2 million missed analyst predictions by close to $2 million), it finished 2025 with a substantial $345 million backlog and $240 million in contract bookings, signaling strong customer demand.
The firm's key advantage is its ability to deliver satellite imagery in real time—capabilities many competitors cannot yet match. That feature has applications across defense, weather services, disaster response and more.
What investors should watch in 2026 is whether BlackSky can convert backlog and customer interest into realized sales. That will likely depend on its ability to deploy and scale its latest Gen-3 satellite systems, expand margins, strengthen its cash position and manage capital expenditures.
With a price-to-sales (P/S) ratio of 8.11, BlackSky has limited room for missteps, but analysts remain constructive, assigning a Moderate Buy rating and roughly 25% upside.
Return to Profitability as Viasat Prepares for Major New Satellite Launches
Broadband and wireless communications provider Viasat has seen shares climb about 25% year-to-date after signs of improving fundamentals in its Q3 fiscal 2026 results for the period ended Dec. 31, 2025.
After a $158 million loss in the prior-year quarter, the company swung back to profit with net income of $25 million and reported positive free cash flow. Backlog also rose 12% year-over-year to nearly $4 billion.
Like BlackSky, Viasat is counting on execution of a new generation of satellites—the ultra-high-capacity ViaSat-3—to sustain and improve those fundamentals through the rest of the year and beyond. Increasing government demand, reflected in multi-year contracts, should provide stable, recurring revenue, while ViaSat-3 is expected to bolster appeal to government, aviation and maritime customers.
There may be somewhat less near-term upside compared with BKSY, but analysts remain supportive, giving VSAT a Moderate Buy rating.
Potential Value Deal on a Satellite Infrastructure Firm
Redwire is a different kind of satellite company: a space infrastructure firm that designs, services and builds spaceflight and satellite hardware and software. Shares have been roughly flat YTD amid a low gross margin in the latest quarter and wider-than-expected net losses. Still, Redwire's backlog reached a record of more than $411 million with accelerating bookings late in 2025, and management is forecasting 2026 revenue between $450 million and $500 million—about a 42% year-over-year improvement at the midpoint.
With a P/S ratio of 4.52, Redwire appears attractively valued given its near-term prospects. Defense and space contracts should continue to drive growth this year, but the key questions remain profitability and whether management can improve margins.
Analysts are generally bullish on RDW shares, rating them a Moderate Buy. The consensus price target across Wall Street is nearly $14, implying upside of roughly 80%.
Investors expecting increased interest in Redwire as the SpaceX IPO approaches may find the stock competitively valued after its recent dip.
Saturday's Featured Story
Amazon: Could Globalstar Be the Missing Spark the Stock Needs?
Written by Sam Quirke. First Published: 4/9/2026.
Key Points
- Despite having plenty of tailwinds, Amazon shares have gone nowhere for almost 18 months, meaning this potential Globalstar deal could be the spark that’s been missing.
- The acquisition would accelerate Amazon’s satellite ambitions and expand its ecosystem across AWS, connectivity, and beyond.
- However, the initial market reaction suggests investors are skeptical, and, given the $9B price tag, they have every right to be.
- Special Report: Elon’s “Hidden” Company
Tech giant Amazon.com Inc (NASDAQ: AMZN) has been one of the more frustrating large-cap stocks to own over the past year. Shares are trading around $220, about the same level as in late 2024, meaning the stock has essentially gone nowhere while the S&P 500 has gained more than 10%.
That lack of momentum has been driven by several factors, most notably investor concerns about rising capital expenditure tied to the company’s artificial intelligence (AI) ambitions.
Against that backdrop, recent reports that Amazon is in talks to acquire satellite communications company Globalstar Inc (NASDAQ: GSAT) for roughly $9 billion have grabbed attention.
Porter Stansberry, founder of one of the world's largest financial research firms, says he's breaking the biggest story of his 26-year career. A famous historian whose books have sold over 45 million copies in 65 languages is warning of a structural shift so large it has only one historical parallel - 1776.
One Stanford economist calls it 'the biggest change ever - bigger than electricity, bigger than the steam engine.' Stansberry outlines the stocks to buy, the stocks to sell, and three money moves to position yourself on the right side of this shift.
Read Porter Stansberry's full breakdown and protect your wealth now
After months of stagnation, the stock seems to be waiting for a catalyst, and this deal could be it. The question is whether the move would be a genuine strategic leap or another expensive bet that takes time to pay off. Let’s take a closer look.
Amazon Needs a Catalyst, and This Could Be It
Given Amazon’s performance in 2025 and so far in 2026, there’s no escaping that the company needs a fresh narrative. Its core businesses remain attractive, and analysts are generally bullish. Still, heavy AI-related spending with no immediate payoff has left many investors hesitant to push the shares higher.
An acquisition of Globalstar would be a clear signal that Amazon is willing to take bold steps to accelerate its next phase of growth. In markets like this, narrative matters almost as much as fundamentals. A deal of this scale and ambition could reshape investor expectations, even before financial benefits appear.
Why Amazon Would Want Globalstar
On the surface, a satellite communications acquisition might seem like a stretch, but it could fit neatly into Amazon’s longer-term strategy.
For starters, there’s the competitive angle. Amazon’s LEO project (Project Kuiper) is its answer to SpaceX’s Starlink, but it lags significantly in deployment and scale. Acquiring Globalstar, with its existing satellites and infrastructure, would give Amazon an immediate shortcut to narrowing that gap.
Timing also matters. With SpaceX’s potential IPO generating renewed interest, investor appetite for space and connectivity infrastructure is heating up. By moving more aggressively into this space, Amazon could reframe its story and benefit from a broader re-rating of companies operating at the intersection of technology and space.
What It Could Mean for the Stock
If investors buy into that vision and the deal closes, the implications for the stock could be meaningful. Today, Amazon is largely being valued through the lens of its existing businesses—especially AWS growth and the potential payoff from AI investments—which has created a narrative centered on spending, margins, and near-term execution risk.
A deal like this would introduce a different narrative, shifting focus toward long-term satellite infrastructure and Amazon’s ability to compete in new domains. Given Amazon’s history of expanding its multiple when investors gain confidence in its long-term positioning, that could provide a significant tailwind for the stock.
The Risks Would Be Substantial
Strategic appeal is offset by obvious risks. The most immediate is the price tag: $9 billion is a significant premium for Globalstar, a company with annual revenue under $300 million. On traditional metrics alone, that valuation is hard to justify.
Execution risk is another major concern. Integrating a satellite communications business into Amazon’s operations would be complex, and scaling that capability into a meaningful revenue stream is far from guaranteed.
The market’s initial reaction was telling: Amazon’s shares slipped after reports of the potential deal. Given how the stock reacted to last quarter’s surprise increase in capital expenditure guidance, fresh skepticism around a $9 billion acquisition isn’t surprising.
What Happens Next
If Amazon proceeds and lays out a clear strategic roadmap showing how Globalstar fits into its broader ecosystem, sentiment could turn positive. Investors will want enough detail to believe in the eventual payoff; without that, conviction will remain limited.
After an extended period of sideways trading, the stock appears primed for a catalyst. The opportunity is real, but ultimate success depends on Amazon’s ability to sell the vision and then deliver results.
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